Univar Solutions, a leading global solutions provider to users of specialty ingredients and chemicals, further strengthens its product portfolio by acquiring Central American–based ChemSol Group.
WHO: Founded in 1983, ChemSol is a leading chemicals distributor with locations in Costa Rica, Guatemala, El Salvador, Panama, and Honduras. The company over time has diversified into the commercialization and representation of foreign specialty chemical houses in broader terms, and subsequently ventured into the market for food ingredients, personal care, pharmaceutical excipients, and animal nutrition. Since inception, ChemSol has upheld a legacy of innovative products for clients based on ethical principles and maintaining a high standard of corporate social responsibility.
Univar Solutions is a leading global commodity and specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications.
WHY: The acquisition of ChemSol will enhance Univar Solutions' geographic footprint in the growing Central American region, as well as its formulation and commercial offering across a wide array of key growth markets. These markets include beauty and personal care; pharmaceutical excipients; food; coatings, adhesives, sealants, and elastomers; lubricants; and metalworking fluids.
IN THEIR OWN WORDS: "The ChemSol business strengthens both our Ingredients and Specialties portfolio and our geographic reach, further enhancing Univar Solutions’ position as a strategic partner of choice to our suppliers and customers," said Nick Powell, President of Global Ingredients & Specialties for Univar Solutions. "We're thrilled to help Central American customers solve some of their toughest challenges and stay ahead of industry-specific trends and regulatory changes by tapping into our continuous innovation, sustainable solutions, and global network of formulation and technical expertise, and commercial support."
Jorge Buckup, President of Latin America for Univar Solutions, said, "This acquisition represents a strong platform for commercial growth in Central America, as we anticipate and meet the evolving needs of customers. Our two companies share a focus on value-added services, continuous improvement, and environmental responsibility. I am excited to welcome ChemSol to our family and am confident our teams will work together to ensure a seamless transition for employees, customers, and suppliers."
Ciro Guerra, founder and General Director of ChemSol Group, said, "We are excited to join Univar Solutions and provide our customers and suppliers with access to more products, capabilities, and digital innovation that will help their businesses grow. Univar Solutions shares many of the values that are central to ChemSol's culture and strategy, including a commitment to collaboration, innovation, and a deep respect for teamwork, making it a seamless fit for our commercial partners and the perfect place for our team to continue growing their skills and careers."
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